Shortfall in revenue generation linked to tax cuts, govt spending
| Updated Oct 25, 2017 at 9:33pm
Head of the Finance Department, School of Business of the University of Cape Coast, Dr John Gatsi
An Economist and Head of Financial Department of the University of Cape Coast Business School, Dr. John Gatsi, has attributed the shortfall in revenue generation to tax cuts and high government expenditure.
Speaking to GBC’s Radio Ghana, Dr. Gatsi noted that with the introduction of policies such as free Senior High School (SHS) coupled with the creation of new ministries, there is an urgent need for enhanced revenue mobilization to meet the present demand.
On the current disagreement with the IMF on the classification of the Energy Sector Bond, Dr. Gatsi said governments over the years have contributed to the non-performance of SOEs in the energy sector, and loans granted to the sector must be treated as public debt.